City Ventures and Richmond Collaborate on Below Market Rate Homes at Cherry Blossom Row

City Ventures, a California-based homebuilder, has partnered with the City of Richmond to offer five Below Market Rate homes at Cherry Blossom Row, an all-electric, solar-powered townhome community. The homes are priced at $555,150 with a monthly HOA fee of $254 and offer three bedrooms, three baths, and two-car garages. The Below Market Rate opportunity is designed for qualified first-time buyers with incomes not exceeding 120% of the Area Median Income. The homes are energy-efficient, eco-friendly, and include on-site amenities such as outdoor dining areas and a community garden.